Reinsurance News
Munich Re news
News on one of the world’s largest reinsurance companies Munich Re.
Munich Re is a leading global reinsurance company and our news covers its announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.
Munich Re’s HSB Canada announces new commercial service line coverage
9th June 2022
Munich Re’s HSB Canada has announced the introduction of Commercial Service Line – a new coverage that will bridge a potentially costly gap, so that building owners can minimize losses resulting from service line breakdowns. HSB’s Commercial Service Line will be available to partner insurers, and also offer comprehensive coverage for ... Read the full article
C2S partners with Munich Re & Raincoat on parametric flood product
7th June 2022
Climate adaption technology company, Cloud to Street (C2S), has announced a partnership with Munich Re Group and parametric insurance platform, Raincoat, to roll out an at-scale parametric insurance program. Powered by C2S’ industry-leading flood intelligence, the parties say the collaboration marks the first major success of a flood parametric program created ... Read the full article
Munich Re teams up with EvolutionIQ
7th June 2022
EvolutionIQ and Munich Re are teaming up to expand the use of AI-based claims guidance in relation to disability insurance carriers across the US. The agreement between the two firms, announced in a press statement, says that Munich Re will offer disability insurers in the U.S. and Canada direct access to ... Read the full article
Munich Re warns of ‘exceptionally active’ hurricane season
1st June 2022
Munich Re is warning that this year’s hurricane season could be ‘exceptionally active’ in a new outlook just posted on its website. The reinsurance giant said that the main phase of the hurricane season, which is due to start in coming weeks, is likely to be characterised by climatic conditions favourable ... Read the full article
Appetite for underwriting property cat reinsurance business tightening
1st June 2022
Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article
Munich Re teams up to plant trees in 10m-metre area in Costa Rica
1st June 2022
Reinsurance giant Munich Re has started a new corporate venture called TreeTrust, which aims to plant trees in order to reduce the amount of carbon in the atmosphere. The first project from the venture will see Munich Re and Vaillant Group invest in more than 10 million square metres of former ... Read the full article
Munich Re to continue strategic cooperation with Jolywood
26th May 2022
Reinsurance giant Munich Re, and specialist in N-type PV technology, Jolywood, have announced that they will continue their strategic cooperation, as the two companies will continue joining forces to improve global renewable energy solutions. Munich Re will continue to provide Jolywood with a 12-year warranty for material and a 30-year warranty ... Read the full article
Munich Re issues third green bond
24th May 2022
Munich Re’s placed its first green subordinated bond, which has a volume of $1.25bn, with a coupon of 5.875% that matures in 2042. The reinsurance giant said that the bond underlined its commitment to the Paris Climate Agreement while supporting its strategic goal of tackling climate change through investment in energy ... Read the full article
Cyber insurance gap ‘disproportionately high’ – Munich Re
20th May 2022
The insurance gap for cyber products is ‘disproportionately high’, says Munich Re in a new report. The 26-page work, the Munich Re Global Cyber Risk and Insurance Survey 2022, posits that while global cyber premiums are currently $9.2bn annually and are set to reach $22bn in the next three years, the ... Read the full article
Munich Re & Real Vida Seguros to deliver digital life insurance underwriting project in Portugal
19th May 2022
Global re/insurer Munich Re and Real Vida Seguros have announced the execution of a practical and innovative digital underwriting solution, based on technology developed by a subsidiary of the former, to serve the Portuguese life insurance market. The new system is based on tech created by Munich Re Automation Solutions, part ... Read the full article
Munich Re Life US partners with Sparta Science to reduce risk of MSK injury
19th May 2022
Munich Re Life US, the life division of reinsurance giant Munich Re, has announced that it has entered into a strategic partnership with Sparta Science, aimed at reducing the occurrence of musculoskeletal (MSK) injury claims. The partnership will allow Munich Re to offer disability insurance carriers in the US and Canada ... Read the full article
Munich Re launches new AI validation service
17th May 2022
Munich Re has launched a new validation service for trustworthy artificial intelligence. The firm says that the service, called CertAI, validates fully fledged AI systems or AI solutions already in productive use, analysing six different factors – fairness, autonomy and control, transparency, robustness, functional and cyber security, and data protection. It ... Read the full article
Analysts expect Munich Re to raise Ukraine/Russia reserves in future quarters
11th May 2022
Global reinsurer Munich Re's Q1 2022 loss provisions for the ongoing war in Ukraine were lower than its peers and will rise further in the second-quarter of the year, according to analysts at CFRA Research. Within yesterday's results, Munich Re, one of Europe's major reinsurance companies, revealed a positive result ... Read the full article
Munich Re’s €608m Q1 result “severely impacted” by Ukraine
10th May 2022
German reinsurer Munich Re has posted a net result of €608 million for the first quarter of 2022, improving slightly on the same period last year despite its results being “severely impacted” by the conflict between Russia and Ukraine. Its reinsurance operations contributed €511 million to the consolidated result, compared with ... Read the full article
Cyber pricing acceleration expected to continue through H1: JP Morgan
9th May 2022
Analysts at J.P Morgan have stated that cyber insurance is one of the fastest growing markets within insurance with premiums growing at a 27% CAGR (2017-21), but despite the high growth in the class, analysts have said that profitability is strong, with an average combined ratio of 77% vs 100% ... Read the full article